Property Overview: 258 Chalmers Avenue
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, presenting a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its primary appeal lies in its renovated basement and its position as a modest, lower-cost entry point into the housing market. With 768 sqft of living space on a 3,383 sqft lot, it is a smaller home even by neighbourhood standards, but it sits on a lot that is typical for the area.
The property suits practical, budget-conscious buyers such as first-time homeowners seeking a manageable footprint, or investors looking for an affordable rental property. Its recent sale history shows steady, modest appreciation. A thoughtful perspective for a home of this vintage and size is the potential for efficient, low-cost living and heating, as well as the opportunity to personalize the space without the overwhelming scale and upkeep of a larger property. The renovated basement adds functional flexibility, which is a significant asset in a smaller home.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below the citywide average, it is very close to the average for the Chalmers neighbourhood itself. The lot is a typical size for the area and is not unusually small in its immediate context.
2. What does the assessed value indicate?
The assessed value is around the average for both the street and the neighbourhood, but significantly below the Winnipeg city average. This reflects the home's smaller size and the area's market, suggesting a property positioned for affordability rather than premium valuation.
3. How updated is the home?
The listing specifically notes a renovated basement. The age of the home (1912) suggests the main floor systems and structure may be original or older, so a buyer should budget for potential updates or maintenance typical of a century-old house.
4. Who might this property not suit?
It would likely not suit buyers needing multiple bedrooms, dedicated home office space, or those who prefer modern, open-concept layouts. The living area is notably compact.
5. How stable has the property's value been?
It has shown gradual growth, selling for $17.9k in 2016 and $21.3k in 2020. This indicates steady, modest appreciation in line with its market segment, rather than volatile swings.